Tobam Has $18.54 Million Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Tobam decreased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 36.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,180 shares of the company's stock after selling 65,532 shares during the period. Take-Two Interactive Software makes up approximately 1.6% of Tobam's holdings, making the stock its 26th largest position. Tobam owned approximately 0.07% of Take-Two Interactive Software worth $18,538,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its position in Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company's stock worth $25,000 after buying an additional 93 shares during the last quarter. CVA Family Office LLC purchased a new position in Take-Two Interactive Software during the fourth quarter worth about $25,000. NBC Securities Inc. purchased a new position in Take-Two Interactive Software during the third quarter worth about $27,000. Webster Bank N. A. acquired a new stake in Take-Two Interactive Software in the third quarter valued at about $28,000. Finally, BluePath Capital Management LLC purchased a new stake in Take-Two Interactive Software in the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TTWO. BMO Capital Markets assumed coverage on Take-Two Interactive Software in a research note on Tuesday, January 9th. They set an "outperform" rating and a $200.00 target price for the company. Roth Mkm boosted their target price on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. Wolfe Research started coverage on shares of Take-Two Interactive Software in a report on Tuesday, December 12th. They issued an "outperform" rating and a $186.00 price target for the company. Wells Fargo & Company raised their price objective on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an "overweight" rating on the stock in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $174.04.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of Take-Two Interactive Software stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the sale, the director now owns 63,645 shares in the company, valued at approximately $9,910,799.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is currently owned by company insiders.

Take-Two Interactive Software Trading Up 0.7 %

Shares of TTWO traded up $1.05 on Tuesday, hitting $154.70. 1,012,410 shares of the stock traded hands, compared to its average volume of 1,669,700. Take-Two Interactive Software, Inc. has a 1 year low of $117.35 and a 1 year high of $171.59. The stock's 50 day moving average is $151.72 and its two-hundred day moving average is $151.88. The firm has a market capitalization of $26.39 billion, a P/E ratio of -18.03, a P/E/G ratio of 1.29 and a beta of 0.74. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. As a group, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current year.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.